Workday: Stock Has Likely Bottomed, Presenting A Buying Opportunity
Workday(WDAY) Seeking Alpha·2024-06-24 13:33
Introduction & Investment Thesis Workday reported its Q1 FY25 earnings where revenue grew 18.1% YoY to $1.99B, while non-GAAP operating income grew 30% YoY to $515M with an improvement of 240 basis points in margins to 25.9%. During the quarter, the company continued to make progress on its growth initiatives to expand its TAM as it acquired and deepened adoption of its solution suite among customers with particular strength in healthcare, public sector, financial services, and professional services vertica ...